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Key takeaways:Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year.Analysts fear such a correlation may result in BTC price dropping by up to 80%.Bitcoin (BTC) and Nvidia stock (NVDA) are now moving more in sync than at any point in the past year. That has some market watchers worried about a looming crash similar to the dot-com bubble era in the late 1990s.Risky AI-on-AI deals pose crypto crash risksBTC’s 52-week correlation with the world’s top chipmaker has climbed to 0.75 as of Friday. It comes in the same week in which both Nvidia and Bitcoin valuations…

Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,992.55, the gold-backed tokens of stablecoin giant Tether.The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an announcement on Friday. Backers also include Tether and Kiara Capital.Most of that capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury. The company will rebrand to Aurelion pending approvals, and will start trading under the AURE ticker on…

Ethereum’s treasury holdings are showing early signs of a potential market reversal, hinting at improving sentiment across the broader crypto ecosystem. This trend, often seen as a leading indicator of institutional confidence, suggests that the Ethereum (ETH) market may be preparing for its next major move. On-Chain Data Shows Signs of Recovery Recent on-chain data highlights a subtle but positive shift within Ethereum treasury portfolios, which are beginning to show signs of stabilization after months of selling pressure. Analysts say this movement could signal that institutional participants are reaccumulating ETH — a pattern that often precedes broader market recoveries. Despite…

According to State Street’s 2025 global research, big investors are moving past trial runs and making clear bets on digital assets and blockchain. Nearly 60% of surveyed institutional investors say they plan to raise their crypto allocation in the next year. Average exposure is expected to double within three years, signaling firm plans rather than idle talk. Institutions Are Boosting Digital Asset Allocations Reports have disclosed that private markets are the first target. Private equity and private fixed income topped the list for tokenization, as firms look to open up illiquid holdings and make them easier to trade. By 2030,…

Company announces new initiative to bring authentication to the enterprise, solving trust and verification at scale Eightco will serve as the global authentication and trust layer that corporations rely on The Company is supported by a select group of strategic and institutional investors including: BitMine (BMNR), MOZAYYX, World Foundation, Wedbush, Coinfund, Discovery Capital Management, FalconX, Kraken, Pantera, GSR, Brevan Howard and more EASTON, Pa., Oct. 10, 2025 /PRNewswire/ — Eightco Holdings Inc. (NASDAQ: ORBS) today announced the launch of a new pilot program focused on advancing AI authentication for the enterprise. The initiative will identify and develop innovative approaches to…

Singapore’s central bank has pushed back the rollout of Basel-style capital rules for banks’ crypto exposures by at least a year, citing the need for global coordination. The Monetary Authority of Singapore (MAS) confirmed the move in its official consultation response released on October 9, shifting implementation from January 1, 2026, to January 1, 2027—or later.Sponsored SponsoredRegulatory Delay and ImplicationsThe decision follows industry feedback warning that early adoption could trigger regulatory arbitrage if Singapore moved ahead of other jurisdictions. “MAS will defer the implementation of the prudential treatment and disclosures of cryptoasset exposures to 1 January 2027 or later and…

Morgan Stanley is expanding its crypto offerings, allowing all clients to have access to digital assets, according to a Friday report.CNBC reported Friday that advisors will be able to offer crypto fund investments to any client as of October 15, including those with retirement accounts.Previously, only high-net-worth individuals could invest in crypto at the bank.Editor’s note: This is a breaking news story and will be updated with additional detail.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

BlackRock’s spot Bitcoin ETF is pulling in cash at a speed never seen in the fund industry. After another $4 billion streak of inflows this week, IBIT now holds more than 800,000 BTC, worth roughly $98 billion, and is within striking distance of a milestone that no ETF has ever reached this quickly.Bloomberg Intelligence analysts Eric Balchunas and James Seyffart estimate IBIT now generates over $240 million a year in revenue from its 0.25% fee, making it BlackRock’s most profitable product across its global lineup of more than 1,000 ETFs. That’s a stunning outcome for a fund launched less than…

United States-based prediction marketplace Kalshi has closed another major funding round to bring its platform to more than 100 countries worldwide.Kalshi has completed a Series D funding round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, the company announced on Friday.The platform is immediately available in over 140 countries, Kalshi said in a statement shared with Cointelegraph, adding that it has now emerged as the “world’s only unified global prediction market and instantly added billions of new potential customers.”The latest $300 raise came months after Kalshi closed a separate $185 million funding…

NEAR is betting big on multi-chain liquidity connectivity through NEAR Intents. This new standard enables large-scale stablecoin transactions between Ethereum, Solana, Tron, Ton, and Layer-2s at extremely low costs.NEAR aims to improve capital efficiency and become the “unified liquidity layer” for all on-chain transactions. The question is: Can this strategic move be strong enough to push NEAR’s price up after a long accumulation phase?Sponsored SponsoredNEAR Wants to Become the Liquidity Hub of Web3According to the latest update from NEAR Protocol, NEAR Intents was introduced as a new standard for large-scale stablecoin transactions. It aims to enable stablecoin swaps of up…